Aria Development Group Acquires Property From International Longshoreman Association For $17.5M In Miami

The property asset involved in this transaction is located at 33 NW 6 St, Miami, FL, 33136. The site measures 24,000 square feet and was sold for $17,500,000. It is within the Miami market and is recognized as the last available parcel within the 27-acre Miami Worldcenter campus, which is part of a larger $4 billion mixed-use development.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $17,500,000
• Address: 33 NW 6 St, Miami, FL, 33136
• Market: Miami
• Buyer: Aria Development Group
• Seller: International Longshoreman Association
• Buyer's Representative: Cecilia Estevez, Jack Lowell - Colliers International

The joint venture between Aria Development Group and Merrimac Ventures is planning to develop a condominium project named 600 Miami Worldcenter, which will consist of more than 600 for-sale residences. The buyer also recently acquired an adjacent site at 600 N.E. 1st Ave. to increase the total assemblage to 34,000 square feet. The seller, the International Longshoreman Association, had owned the site for more than 45 years and previously operated a building on the parcel.